Bargaining Power of Customers Is Likely to Be the Highest

question 69

Multiple Choice

Bargaining power of customers is likely to be the highest for markets involving ________.

• A)public transportation
• B)industrial products
• C)patented drugs
• D)luxury goods

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Definitions:

Mainframe Computer

A large, powerful computer system used in complex applications for bulk data processing.

Storage Capacity

The volume or space available for storing goods or data in a warehouse, hard drive, or other storage systems.

Executive Support System

A type of management information system designed to facilitate and support the information and decision-making needs of senior executives.

Enterprise Planning Resources

Systems and tools used to align company resources and strategies with its long-term goals and objectives; often involves software solutions.